Note Margin definition
Note Margin. With respect to each Mortgage Loan, the fixed percentage set forth in the related Mortgage Note and indicated in Exhibit One hereto as the "NOTE MARGIN," which percentage is added to the Index on each Adjustment Date to determine (subject to rounding in accordance with the related Mortgage Note, the Periodic Cap, the Maximum Mortgage Rate and the Minimum Mortgage Rate) the interest rate to be borne by such Mortgage Loan until the next Adjustment Date.
Note Margin. With respect to each adjustable rate Mortgage Loan, the fixed percentage set forth in the related Mortgage Note and indicated in Exhibit G-1 and Exhibit G-2 hereto as the "NOTE MARGIN," which percentage is added to the Index on each Adjustment Date to determine (subject to rounding in accordance with the related Mortgage Note, the Periodic Cap, the Maximum Mortgage Rate and the Minimum Mortgage Rate) the interest rate to be borne by such adjustable rate Mortgage Loan until the next Adjustment Date.
Note Margin. With respect to each adjustable-rate Mortgage Loan, the fixed percentage set forth in the related Mortgage Note and indicated on the Mortgage Loan Schedule as the "NOTE MARGIN," which percentage is added to the Index on each Adjustment Date to determine (subject to rounding in accordance with the related Mortgage Note, the Periodic Cap, the Maximum Mortgage Rate and the Minimum Mortgage Rate) the interest rate to be borne by such adjustable-rate Mortgage Loan until the next Adjustment Date. Officers' Certificate: A certificate signed by the Chairman of the Board, the President, a Vice President, Assistant Vice President, Director, Managing Director, the Treasurer, the Secretary, an Assistant Treasurer or an Assistant Secretary of the Depositor or the Master Servicer, as the case may be, and delivered to the Trustee, as required by this Agreement.
Examples of Note Margin in a sentence
If the Accepted Note bears a floating interest rate, then the LIBOR Rate Note Margin specified in the Confirmation of Acceptance shall remain constant for the life of such Note.
As used in the Note, "Margin" means an incremental amount used in determining certain interest rates under the Note.
If the Accepted Note is a Floating Rate Note, then the Floating Rate Note Margin specified in the Confirmation of Acceptance shall remain constant for the life of such Note.
Immediately before and after giving effect to the sale of the Senior Secured Note, Margin Stock will constitute less than 25% of the Company’s assets as determined in accordance with Regulation U.
Class Note Margin ----- ----------- On or After prior to the date the date upon upon upon which which an an Optional Optional Termination Termination can occur can occur A-1.............................
More Definitions of Note Margin
Note Margin. With respect to the Class A-1 Notes, on any Payment Date prior to the Step-up Date, 0.240% per annum, and on any Payment Date on and after the Step-up Date, 0.480% per annum. With respect to the Class A-2 Notes, on any Payment Date prior to the Step-up Date, 0.310% per annum, and on any Payment Date on and after the Step-up Date, 0.620% per annum. With respect to the Class M-1 Notes, on any Payment Date prior to the Step-up Date, 0.440% per annum, and on any Payment Date on and after the Step-up Date, 0.660% per annum. With respect to the Class M-2 Notes, on any Payment Date prior to the Step-up Date, 0.460% per annum, and on any Payment Date on and after the Step-up Date, 0.690% per annum. With respect to the Class M-3 Notes, on any Payment Date prior to the Step-up Date, 0.510% per annum, and on any Payment Date on and after the Step-up Date, 0.765% per annum. With respect to the Class M-4 Notes, on any Payment Date prior to the Step-up Date, 0.670% per annum, and on any Payment Date on and after the Step-up Date, 1.005% per annum. With respect to the Class M-5 Notes, on any Payment Date prior to the Step-up Date, 1.230% per annum, and on any Payment Date on and after the Step-up Date, 1.845% per annum. With respect to the Class B Notes, on any Payment Date prior to the Step-up Date, 2.100% per annum, and on any Payment Date on and after the Step-up Date, 3.150% per annum.
Note Margin. With respect to the Class A Notes, ____% per annum. With respect to the Class M-1 Notes, ____% per annum. With respect to the Class B-1 Notes, ____% per annum.
Note Margin. As to each Adjustable Group II Loan, the fixed percentage set forth in the related Mortgage Note and indicated in Exhibit D-2 hereto as the "NOTE MARGIN," which percentage is added to the Index on each Adjustment Date to determine (subject to rounding in accordance with the related Mortgage Note, the Periodic Cap, the Maximum Mortgage Rate and the Minimum Mortgage Rate) the interest rate to be borne by such Group II Loan until the next Adjustment Date.
Note Margin. With respect to the Class A-1 Notes, on any Payment Date prior to the Step-Up Date, 0.37% per annum, and on any Payment Date on and after the Step-Up Date, 0.74% per annum. With respect to the Class A-2 Notes, on any Payment Date prior to the Step-Up Date, 0.45% per annum, and on any Payment Date on and after the Step-Up Date, 0.90% per annum. With respect to the Class M-1 Notes, on any Payment Date prior to the Step-Up Date, 0.65% per annum, and on any Payment Date on and after the Step-Up Date, 0.975% per annum. With respect to the Class M-2 Notes, on any Payment Date prior to the Step-Up Date, 1.15% per annum, and on any Payment Date on and after the Step-Up Date, 1.725% per annum. With respect to the Class B-1 Notes, on any Payment Date prior to the Step-Up Date, 1.50% per annum, and on any Payment Date on and after the Step-Up Date, 2.25% per annum.
Note Margin. As to any Adjustable Rate Note, the respective amount set forth below:
Note Margin. As to each Mortgage Loan, the fixed percentage set forth in the related Mortgage Note and indicated in Exhibit One, Exhibit Two, Exhibit Three or Exhibit Four, as applicable, hereto as the "NOTE MARGIN," which percentage is added to the related Index on each Adjustment Date to determine (subject to rounding in accordance with the related Mortgage Note, the Initial Rate Cap, the Periodic Cap, the Maximum Mortgage Rate and the Minimum Mortgage Rate) the interest rate to be borne by such Mortgage Loan until the next Adjustment Date.
Note Margin. With respect to each Class of Class A and M▇▇▇▇▇▇▇▇ Notes, the margin set forth below: Class (1) (%) (2) (%)